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Yoshitsu Co. Ltd. Sponsored ADR ( (TKLF) ) has shared an announcement.
Tokyo Lifestyle Co., Ltd. recently received a favorable ruling from the National Tax Tribunal regarding a dispute with the Tokyo Regional Taxation Bureau. The tribunal annulled a previous reassessment decision and additional tax penalties imposed on the company, which were based on alleged omissions in consumption tax filings. The ruling, dated February 12, 2025, confirmed that allegations of income concealment were unfounded. This decision is expected to result in the return of additional taxes paid and may positively impact the company’s financial performance for the current fiscal year.
More about Yoshitsu Co. Ltd. Sponsored ADR
YTD Price Performance: 2.94%
Average Trading Volume: 29,544
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $14.78M
For a thorough assessment of TKLF stock, go to TipRanks’ Stock Analysis page.